£30 million investment Surrey Quays shopping centre gets go-ahead
The owner of the Surrey Quays shopping centre in south east London, has been granted planning permission for a 110,000 sq ft extension.
Surrey Quays Limited, a joint venture between British Land and Tesco, is also proposing an extensive refurbishment of the 309,000 sq ft existing shopping centre which is located at Canada Water on the Rotherhithe peninsula.
The extension will sit in front of the existing entrances to the shopping centre and provide 18 new shops and restaurants plus four new kiosk units. Space for outdoor dining will also be created.
The planning approval also paves the way for a £30 million investment in Surrey Quays that will create 500 permanent positions on opening as well as a significant number of temporary jobs during the construction period. It is anticipated that work will start on site in spring 2013 with completion scheduled for summer 2014.
Approximately £4 million will be invested in developing the external environment and public spaces around the centre as well as improved connections to Surrey Quays station and Canada Water tube and bus stations. In addition, connectivity across the site will be improved with enhanced accessibility prioritising pedestrians and cyclists.
David Pollock, retail development manager for British Land, explained: "The approval for the Surrey Quays Shopping Centre extension is important for the wider regeneration of Canada Water and Rotherhithe and demonstrates our commitment to the area.
"The extension and refurbishment will create additional space that will allow us to attract and accommodate new and exciting retailers, ensuring that Surrey Quays remains competitive in today’s market. The current shopping experience will be significantly improved for both existing and new customers."
Surrey Quays shopping centre is anchored by Tesco Extra and also comprises 45 high street retailers including BHS, River Island, New Look, JD, Boots, Burton, Dorothy Perkins and WH Smith.
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